Author: Wenser Odaily Planet Daily
In the previous article "A Quick Look at the Top 25 BTC Holdings of Listed Companies, Looking for the Secret to Success in "Cultivating Both Cryptocurrency and Stocks", we systematically sorted out the top 25 BTC holdings of listed companies. Among them, MicroStrategy (MSTR)'s stock price soared from around US$194 to nearly US$500 in just about a month, an increase of about 150%. In addition, as the BTC price broke through around US$97,000 to set a new high, its BTC holdings have accumulated profits of nearly US$15.7 billion, continuing to lead the BTC holdings profit rankings of listed companies.
Not only that, the world-renowned technology giant Microsoft has previously revealed that its shareholders have begun preliminary voting on whether the company should invest in Bitcoin, and according to NCPPR: "If Microsoft decides not to invest in Bitcoin, subsequent increases may expose it to shareholder lawsuits." Taking all factors into consideration, as we have predicted before: more and more listed companies will join the ranks of Bitcoin strategic reserves. After all, as the mainstreaming of Bitcoin is accelerating, buying BTC will lead to rising stock prices, while rejecting BTC will lead to weak stock prices. The choice is self-evident.
Odaily Planet Daily will review and sort out the top 15 listed companies in terms of BTC holding profits in this article for investors' reference. (Note: Due to the distinction of business types, this ranking does not include listed companies related to crypto mining companies. We will sort it out again at a later time. The source of this statistical data is BitcoinTreasuries.Net, which is somewhat different from the data announced by listed companies. It is for reference only.)
List of the top 15 listed companies by BTC holding profits: MicroStrategy leads, Coinbase ranks second, and Tesla ranks third
According to statistics from the BitcoinTreasuries.Net website, the top 15 listed companies in terms of total BTC holding profits are as follows:
Top three players: Bitcoin leverage concept stocks, the first crypto exchange stock, new energy + Musk concept stocks
Among them, MicroStrategy (MSTR) ranked first with a total profit of nearly US$15.7 billion, including:
BTC holdings reached 331,200;
The total value is about $32.2 billion;
The average purchase price was $49,874;
The current share price is $473.83;
The profit growth multiple is about 1.95 times.
Coinbase (COIN) ranked second with a total profit of $804 million, including:
BTC holdings are 9,480;
The total value is about $920 million;
The average purchase price was $12,342;
The current share price is $320.01;
The profit growth multiple is about 7.88 times.
Tesla (TSLA) ranked third with a total profit of $607 million, including:
BTC holdings are 9,720;
The total value is about $945 million;
The average purchase price was $34,722;
The current share price is $342.03;
The profit growth multiple is about 2.8 times.
High multiple players: German listed companies tied for first place
If the above three companies are known for their "profit scale", then the following companies are better at "exponential growth".
Among them, the company with a profit growth multiple of an astonishing 29.6 times is Bitcoin Group SE, a private equity and consulting company from Germany. According to Yahoo Finance, it is engaged in cryptocurrency and blockchain business worldwide and is a trading platform for digital currency Bitcoin under Bitcoin.de. It was established in 2008 and is a subsidiary of Priority AG. It is understood that the company has held Bitcoin since December 31, 2021 and currently holds 3,589 BTC, with an average cost of only US$3,285. The current share price is US$68.67 (65.20 euros). The most recent transaction occurred at the end of June 2022, when 179 BTC were sold for US$20,109, and the position has remained unchanged since then.
Coincidentally, another company with a profit growth multiple of 10.98 times is also a German company - Advanced Bitcoin Technologies AG. According to Yahoo Finance, this is a software company founded in 2015, mainly developing cryptocurrency and artificial intelligence software products in the field of financial technology, and also providing cryptocurrency payment services. It is understood that its BTC holdings are 242.2 pieces, with a total value of US$23.55 million, but its average purchase price is only US$8,853. At the same time, its stock price is only US$0.20 (0.19 euros).
Hong Kong Stock Twins: Boyaa Interactive and Meitu
As for Hong Kong-listed companies, gaming company Boyaa Interactive (0434) and internet company Meitu (1357) made the list with 1,100 BTC and 940.9 BTC respectively.
Among them, the former’s average BTC purchase price was $41,790, with a cumulative profit of $60.99 million and a share price of $0.55 (HKD 4.25);
The latter’s average BTC purchase price was US$52,609, with a cumulative profit of US$41.99 million and a share price of US$0.42 (HKD 3.24).
Of course, the above is only the statistics of BitcoinTreasuries.Net. According to the official announcement of Boyaa Interactive, as of November 12, it has held 2,641 bitcoins, with a total holding cost of about $142,722,654, and an average cost of about $54,027 per BTC. According to this data, its accumulated profit has reached $113 million. Cai Wensheng, the founder of Meitu, is a well-known Bitcoin whale, and the company's actual BTC holdings should be much more.
The biggest beneficiary of the “BTC Strategic Reserve”: Japanese listed company Metaplanet
In the previous article "A quick look at the top 25 BTC holdings of listed companies, looking for the secret of success in "coin and stock dual cultivation", we mentioned that Metaplanet (3350.T), a Japanese listed company, is a follower of "MicroStrategy BTC strategic reserve" and also the biggest beneficiary: since it started buying BTC, its stock price has risen by as much as 468%, while its stock price was only $7.50 at the time; one month later, its BTC holdings have increased from 861.4 to 1142, and its stock price has soared to $16.54, an increase of more than 220%, which can be regarded as another example of "BTC leverage concept stocks". At the same time, although its average purchase price is $65,972, its cumulative profit is still as high as $35.71 million, ranking 11th.
Followers follow one after another: US listed companies flock to the ranks of "BTC strategic reserves"
Yesterday, MicroStrategy (MSTR) successfully entered the top 100 US listed companies with its soaring stock price, ranking 97th. On Tuesday, its stock price soared 12% at one point, breaking through the $400 mark and closing at $430, jumping 29 places with this performance. Its stock price has risen by more than 500% this year.
Previously, according to reliable sources, more than 60 listed companies have adopted Bitcoin strategies, and thousands of private companies are following suit.
List of leading listed companies that implement BTC strategy
At the same time, after entering November, with Trump's successful election as the 47th President of the United States, the crypto market has been soaring under favorable stimuli. Just as the gradual launch of custodial exchanges, publicly listed trusts, futures and spot ETFs ushered in new types of capital allocators, a new type of Bitcoin investors has also emerged on a large scale. This also means that this month has ushered in the peak of another Bitcoin product: corporate leverage: MicroStrategy, MARA Holdings, Semler Scientific and MetaPlanet, four listed companies, have added billions of dollars of collective debt to their balance sheets to purchase Bitcoin.
What followed naturally was the continuous joining of "strategic followers"——
On November 19, Genius Group Limited (GNS), a US-listed company, announced that it had spent $10 million to buy 110 BTC at an average price of $90,932. This purchase marked the company's official establishment of Bitcoin reserves. The purchase followed the company's announcement of a "Bitcoin First" strategy on November 12, which pledged to hold 90% or more of existing and future reserves in the form of Bitcoin, with an initial goal of holding $120 million in Bitcoin;
On the same day, LQR House Inc. (LQR), a niche e-commerce platform focused on the spirits and beverage industry and a US-listed company, announced that its board of directors has approved the purchase of $1 million worth of Bitcoin as part of its treasury management strategy. In addition, the company will now accept cryptocurrency payments on CWSpirits.com, giving customers the flexibility to purchase alcoholic beverages using digital currencies. As part of the plan, LQR House has adopted a policy to retain up to $10 million in crypto payments as Bitcoin.
On November 20, the board of directors of Acurx Pharmaceuticals (ACXP), a US-listed biopharmaceutical company, approved the purchase of $1 million worth of Bitcoin as a reserve asset. On the same day, another US-listed company, Hoth Therapeutics (HOTH), announced that its board of directors approved the purchase of up to $1 million worth of Bitcoin. Its CEO Robb Knie even said: “We believe that Bitcoin’s anti-inflation properties may make it a reliable asset with value storage capabilities.”
It can be seen that many listed companies have fully recognized BTC’s value storage function and stock price boosting effect, and have joined the “BTC strategic reserve competition”.
Conclusion: Buy BTC or miss out on BTC? That is the question
In 2022, the market experienced a series of black swan and thunderstorm events and fell into a state of silence. At that time, MicroStrategy CEO Michael Saylor continued to buy BTC, and he and another national BTC strategic reserve decision-maker, Salvadoran President Nayib Bukele, were ridiculed by many as "Crouching Dragon and Phoenix Chick". Now, as the BTC price approaches the $100,000 mark, there is no doubt that buying BTC has made the two of them "rivals of the time."
Now, for retail investors and listed companies that have not yet bought BTC, the choices before them are similar: whether to buy stocks of listed companies that have established BTC reserves VS whether to sit back and watch the BTC price fluctuate and miss the opportunity to boost stock prices through BTC strategic reserves?
To be or not to be, this is indeed a question from an investment perspective.
